Description Of This Question

The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of Department of Investment and public Asset Management (DIPAM) to set up an Alternative Mechanism for accelerating strategic disinvestments. The Mechanism will be headed by Union Finance Minister Arun Jaitley, Union Transport Minister Nitin Gadkari and Minister of Administrative Departments.

Description Of This Question

India signed a Grant Agreement from the Global Environment Facility (GEF) of the World Bank of US $24.64 million for “Ecosystem Service Improvement Project”. The duration of the Project is 5 years. The Project will be implemented by Ministry of Environment & Forest in the states of Chhattisgarh and Madhya Pradesh.

Description Of This Question

Retired IAS officer Dr. I V Subba Rao was appointed Secretary to Vice President M Venkaiah Naidu. His appointment was cleared by the Prime Minister's Office (PMO). Rao, a 1979 batch IAS officer of Andhra Pradesh cadre, retired from service as Special Chief Secretary in 2016. He held several important posts in Andhra Pradesh and later served the UNESCO. Besides, N Yuvaraj, an AP cadre IAS officer of 2006 batch, will be the private secretary to Naidu.

Description Of This Question

Dr. (Ms.) Mamta Suri took charge as Executive Director, Insolvency and Bankruptcy Board of India (IBBI) in New Delhi. Before joining IBBI, Dr. Suri was serving as Chief General Manager, Insurance Regulatory Development Authority of India (IRDAI).

Description Of This Question

The United States (US) designated Kashmiri militant outfit Hizbul Mujahideen as a "foreign terrorist organisation", nearly two months after declaring the group's Pakistan-based chief Syed Salahuddin as a global terrorist. The designation, which slaps a series of US sanctions on the outfit, came against the backdrop of upsurge in the terror activities of the militant group in Kashmir in recent months.

Description Of This Question

The Union Cabinet approved the Extra Budgetary Resource (EBR) for raising Rs 9020 crore for Long Term Irrigation Fund (LTIF) during 2017-18. The EBR will be raised by NABARD through the issuance of Bonds at 6 percent per annum to complete a large number of major and medium irrigation projects under the Pradhan Mantri Krishi Sinchai Yojana (PMKSY), including Accelerated Irrigation Benefit Programme (AIBP).

Description Of This Question

Both the statements are correct. The Union Cabinet gave its approval to the proposal to complete the balance works of the North Koel Reservoir Project in Jharkhand and Bihar. The total estimated expenditure on balance work will be Rs.1622.27 crore, which will be incurred during three financial years from the start of the project.

Description Of This Question

Reserve Bank of India (RBI) asked banks to make the Aadhar linking for the farmers to be compulsory for availing short-term crop loans up to Rs3 lakh in 2017-18. The aim is to help the farmers have easy access to the benefits under Interest Subvention Scheme. Under the Interest Subvention Scheme, farmers can avail short-term crop loans of up to Rs 3 lakh at an interest rate of 7%, which will drop down to 4% for those who will repay the amount in time.

Description Of This Question

Though Sikkim is not a Special Category State, but it falls under North-Eastern States category for receiving the Budgetary Support for eligible industrial units under the GST regime. The Budgetary Support shall be available for the residual period (ten years from the date of the commercial production) in the States of North Eastern region and Himalayan States.

Today’s Current Affairs – 18August 2017

Current Affairs 18 August, 2017

Latest General Awareness 18/08/2017

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